By Bloomberg’s Jeff Mason and Dan Williams say President Donald Trump is pausing planned military action against Iran to allow negotiations over the Strait of Hormuz and Iran’s nuclear program to continue, while warning the pause depends on reaching a deal quickly. They say Israel remains cautious, Gulf states are increasingly pursuing their own security strategies, and any agreement on shipping through Hormuz could reshape the regional balance of power even as broader conflicts in Gaza and Lebanon continue. (Source: Bloomberg)
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